Untitled Document

NEWS

PROBLEMS IN MIN HOLDING – VAGONKA, LOKOMOTIVE, SPECIJALNA VOZILA HAVE BEEN SOLVED BY TAKING OVER THE SALES CONTRACT
NEW OWNER – INTERNATIONAL RAILWAY SYSTEMS – ERES

Belgrade, May 16 2008
By taking over the Sales Contract of AD Vagonka, AD Lokomotiva and AD Specijalna vozila, the International Railway Systems – Eres from Arad (Rumania) has undertaken all the obligations that the former owner Friulie Export undertook at the tender of January 25 2007. Eres was founded in 2001. It is considered as leading company in rolling stock industry in Europe.

There was a meeting on May 7 2008 with the Management of Eres and Trade Unions of all three companies. The unionists found out that Eres had companies in Czech Republic – Studenka, Slovakia – Arsu (which is one of bigger factories for railway car manufacture and covers 3% of the world production of railway cars). Eres manufactures 35 types of railway cars, i.e. container transport wagons, cistern wagons (fuel-carrying wagons) and appropriate equipment. Buyers of their wagons and locomotives are leading private owners and state railways of Germany, Austria, Italy.

We learned from Mr. Christian Bureau, Eres representative, that their intention was that AD Vagonka should become leading factory for manufacture of new wagons and reconstruction of the old ones through investments. Such equipped factory with trained personnel would be able to manufacture 4 new wagons and 2 reconstructed wagons per day. Eres Company has a shipyard in Turn Severin employing 2100 people.

The current problems in Vagonka represent a challenge for Mr. Bureau, which can be resolved through joint efforts of the Management and employees, and successful business operations are expected soon, as well as better future for all employees.

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